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How does the Grossman model contribute to our understanding of health behaviors? What do you think are the major limitations of the model?
Greg wants you to purchase corporate bond issued by ACDP Manufacturing. How much should Greg pay for the bond?
Graphically show and explain how a central bank can defend an overvalued currency (maintaining an artificially low price of foreign exchange).
Given recent trends, what are the near-term prospects for US economy and how simulative or restrictive do you expect economic policy to be over next 12 months.
Its marginal cost is $ 30 . At what price does the monopoly sell its good in each country if resale is impossible?
Why does price equal marginal revenue for the perfectly competitive firm? What is the relationship to the demand curve for the firm?
Why are economists concerned about monopolies? Why are they less concerned about oligopolies?
What does foreign exchange value determines. The currency value of North korea is better than currency value of South korea.
Assume that the market price is 42 and that the marginal revenue. The firm is currently producing 1 units of output. What are profits (or losses) for this firm?
Contrast and show graphically the labor demand curves of firms which operate in perfectly competitive versus imperfectly competitive output markets.
Calculate the market equilibrium price and quantity. In a graph, identify and calculate the size of the deadweight loss (DWL).
A firm is currently producing 30 units of output. If your answer to part ii was no, what does this firm have to do to maximize its profits?
How many pure strategies are available for firm 1? How many pure strategies available for firm 2? What is sum of firms' profits in subgame perfect equilibrium?
What happens to the expected real interest rate, output and employment, consumption, savings, investment and prices once prices become perfectly flexible?
What will happen to the short-run profit of the sushi restaurant? What will happen to the number of sushi restaurants in town in the long-run?
What was the lesson of this reading? How would a tax on lumber affect the coordination of all actors needed to make a pencil?
What are some factors which allow firms to attain these monopoly profits (sometimes called monopoly power or monopoly rents)?
Firms engage in an activity called forward pricing when they establish. Under what conditions, if any, does forward pricing make sense?
Evaluate whether new nations depend of strong governments to succeed. Take a position on whether strong governments are necessary to ensure stability.
What is the expenditures approach to measuring GDP? Give the equation and tell me what each symbol stands for.
Explain why the accumulation of external debt is a common phenomenon for developing countries and spiraled in the 1980s. What role did commercial banks played?
What are the limitations of the allocation paradigm? How does it relate to the criticism Mises had regarding socialism?
Why even though it is widely viewed that export promotion is best development strategy countries apply import substitution and export promotion concurrently.
Explain how an expansionary monetary policy affects interest rate and investment. Illustrate your answer using a diagram(s).
Explain how a firm in a competitive market identifies the profit-maximizing level of production.